I am pleased to bring to market this two-storey retail and office building in the desirable Uptown area of New Westminster. 7,280 SF building on a 8,712 SF site. Two restaurant tenants on the main floor and mostly vacant office space upstairs. Clean environmental. Asking $3,750,000, $515/SF.
A fully leased, medical service–oriented retail plaza at 20528–20580 Lougheed Highway in Maple Ridge has sold to a private local investor for $9,300,000.
The property, known as Mageta Medical Centre, comprises 13,817 SF of rentable area across two buildings on a 1.19-acre site.
Deal Notes
Sale Price: $9,300,000
$/SF: $673
Cap Rate: 5.3%
Building Size: 13,817 SF
Year Built: 1992
Use: Medical / service-oriented retail
Status: Fully leased
The property had originally been listed for sale by Avison Young in late 2024 for $11,750,000. The Buyer in this transaction was represented by William Wright.
The retail air space parcel of the former Shangri-la Hotel (now Park Hyatt) at 1101-1133 Alberni Street in Downtown Vancouver, has traded hands. The property had been acquired by Brookfield as part of their hotel acquisition in 2025 and was spun off as a separate offering, with retail including Urban Fare, the Keg and Burberry.
A 31-Unit apartment building located on Fraser Street at East 17th Avenue has been sold by Low Tide Properties. The 2017 built apartment/retail building is located on a 12,197 SF site.
The building contains a retail unit leased to Bells and Whistles.
The Colliers team including Casey Weeks and Morgan Iannone is pleased to announce the successful sale of Westwood Square, an 18,000 SF two-storey retail and office plaza located at 3242 Westwood Street in Port Coquitlam.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while